Sensex Rebounds with 473 Points Gain, Nifty Closes at 22,556
The stock market saw a significant recovery on October 5, 2026, with Sensex ending its four-day losing streak.
Sensex increased by 473 points, closing at 72,382.47.
Nifty 50 rose by 133.80 points, reaching 22,555.75.
ITC emerged as the top gainer, surging 5%.
On October 5, 2026, the Indian stock market experienced a notable rebound, with the Sensex rising by 473 points, marking the end of a four-day decline. The benchmark index closed at 72,382.47, while the Nifty 50 also saw an uptick, finishing 133.80 points higher at 22,555.75. This recovery was largely attributed to a positive shift in global equities, as investors reacted to reduced expectations for aggressive interest rate hikes by the US Federal Reserve.
The broader market reflected this positive sentiment, with the Nifty MidCap 100 and Nifty SmallCap 100 indices gaining 0.67% and 0.47%, respectively. Sector-wise, the Nifty FMCG index led the gains, rising by 1.8%, while the Nifty Pharma and Healthcare sectors faced continued pressure. Notably, ITC was the standout performer among the Nifty constituents, climbing 4.5%, while HCL Tech and Max Healthcare lagged behind.
Market analysts observed that the recent recovery could be a sign of a reversal pattern after a prolonged correction phase. Key support levels for traders were identified at 22,400/72,000 and 22,350/71,800. A sustained trading above these levels could indicate a continuation of the upward trend, with potential resistance levels at 22,700/72,800.
The market's rebound was further supported by softer-than-expected US jobs data and a decline in crude oil prices, which alleviated some investor concerns regarding the near-term interest rate outlook. However, analysts caution that the disconnect between economic growth and market performance may lead to profit-taking among investors until clearer catalysts emerge.
Looking ahead, attention will shift to the Reserve Bank of India's upcoming policy decisions and the earnings season, as market participants prepare for potential changes in interest rates. The current market sentiment remains cautious, with many investors opting to book profits amid ongoing uncertainties in the economic landscape.
